Drag Reducing Agent Market Analysis

The polymer segment in the drag reducing agent market is estimated to gain the largest revenue share of 60% in the year 2035. As the demand for hydrocarbons escalates, the polymer-based DRA segment benefits from optimizing the transportation of crude oil and natural gas, reducing energy consumption and increasing flow rates. The International Energy Agency (IEA) predicts that global energy demand will grow by 27% by the year 2040.

End User (Petrochemical, Oil and Gas, Water Treatment)

The petrochemical segment is expected to garner a significant share in the year 2035. Petrochemical DRAs are benefiting from technological advancements, enabling tailored solutions for various fluid compositions and pipeline configurations, ultimately enhancing their effectiveness. Investment in research and development for advanced DRA formulations is driving innovation in the sector. By optimizing fluid transportation and reducing energy consumption, petrochemical DRAs contribute to substantial operational cost savings, increasing the competitiveness of petrochemical manufacturers.

Our in-depth analysis of the global market includes the following segments:

Type	Polymer Surfactant
End User	Petrochemical Oil and Gas Water Treatment

Frequently Asked Questions (FAQ)

Increasing demand for oil and gas is the major factor driving the market growth.

The market size of drag reducing agent is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Nalco Champion (Ecolab Inc.), Baker Hughes, Innospec Inc., Lubrizol Corporation, Halliburton, Clariant AG, and others.

The petrochemicals segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Drag Reducing Agent Market Analysis